RnRMarketResearch.com includes "Global Cloud Security Market 2016-2020" to its research database.
The market research analyst predicts global cloud security market to grow at a CAGR of more than 20% during the forecast period. The rising incidences of cloud-specific attacks have been driving the growth of this market. The usage of cloud-based services requires users to reveal their credentials. This affects the confidentiality of users' data, thereby resulting in several cases of identity theft. For instance, the attack on Amazon.com during April 2011 led to a prolonged outage of Amazon services. Amazon's Elastic Block Store service was interrupted and was unable to accept requests at customers' end. Another instance was the breach of e-mail marketing provider Epsilon in March 2011, which saw many companies, including large investment banks, being affected. Moreover, the rise in cloud-specific attacks is also fueled by the absence of strict guidelines and regulations.
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The emergence of Identity as a Service (IDaaS) is expected to aid market growth over the next four years. Identity management solutions were prevalent and deployed on end-users' servers, but IDaas is becoming a trend due to increased acceptance of cloud solutions by end-users. This is a security verification infrastructure that is developed and controlled by a third-party service provider and allows employees to access cloud-based applications through a single sign-on process. IDaaS manages access to applications on the cloud as well as legacy on-premises applications. This enables organizations to provide access to particular users through a secure portal.
Segmentation by solution and analysis of the cloud security market
Cloud email security
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The cloud IAM segment accounted for more than 42% of the market share during 2015 and is expected to retain its market leadership until the end of 2020. The growing need for high-level security of data and identity security in corporate firms is a key driver for the growth of this segment. The adoption of cloud IAM solutions is growing among large enterprises and SMBs with increasing amounts of critical and confidential data being transferred. These solutions provide enterprises with greater control over access to applications and sensitive information from remote locations. High professional and personal use of mobile devices is also driving the demand for cloud IAM as these devices are highly vulnerable to attacks.
Geographical segmentation and analysis of the cloud security market-Americas, APAC, EMEA
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During 2015, the Americas dominated the market, accounting for more than 51% of the market share. This region has been the early adopters of cloud security solutions due to the availability of adequate IT and business infrastructure here. However, the market share of the Americas is expected to decline by the end of 2020, due to market saturation.
The global cloud security market is characterized by the presence of well-diversified international and regional vendors, but as multi-national players are increasing their footprint, regional vendors are finding it difficult to compete with them. Established cloud security vendors tend to acquire smaller vendors to expand their product portfolio and increase their market share. The competition in this market is anticipated to intensify further with an increase in product and service extensions, technological innovations, and M&A. International players are expected to grow during the forecast period by acquiring regional players.
The key vendors in the market are – Cisco, IBM, Intel (McAfee), Symantec, Trend Micro
Other prominent vendors in the market include CA Technologies, Check Point Software, CipherCloud, Clearswift, CloudPassage, CSC, Dell Secure Works, Fortinet, Microsoft, Netskope, Okta, SafeNet, Sophos, Symplified, and Zscaler.
Key questions answered in the report include
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global cloud security market?
What are the key market trends impacting the growth of the cloud security market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global cloud security market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the cloud security market?
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